Repayment Plans

Sixup offers two repayment plans:

1. Make monthly payments of $20* during the academic deferment period, which generally last until six months after graduation** 

2. Don't make any payments until the end of the academic deferment period, which generally lasts until six months after graduation**

Making monthly $20 payments helps to build healthy credit behavior and chip away at your loan amount over time. Making on-time payments may help you to build a positive financial profile.

For a $10,000 loan, assuming you make 54 payments of $20 a month for an academic deferment period of 48 months of school plus 6 months, you will then make 120 monthly payments of $176.38, paying a total of $22,245.60, assuming the highest possible rate of 9.933% (9.224% APR).


Your loan will enter into full repayment at the earliest of:

(a) six months after you graduate

(b) six months after enrollment less than half-time

(c) 60 months after the loan has been disbursed


* The amount you will pay each month during the full repayment period will depend on how much you borrowed and at what interest rate. However, the minimum monthly payment will be $50. 

** If you are not enrolled at least half time (up to 60 months), you are not eligible for academic deferment.


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